After edging higher in early trades, the UK stock market's benchmark index FTSE 100 slipped into negative territory Wednesday morning, weighed down by losses in mining and banking sectors.
The mood in the market remained cautious amid renewed tensions in the Middle East following the U.S. and Iran engaging in fresh attacks and counter-attacks.
The FTSE 100, which edged up to 10,259.28 in early trades, was down 50.72 points or 0.5% at 10,176.61 a little over half an hour before noon.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.